Before Project Elrond officially moved to its mainnet she decided Project management first conducts a set of tests and offers financial rewards of 40 thousand dollars to motivate users to take the test “testnet” before launching the mainnet.

The test aims to discover and eliminate errors by joining the test group, which has a reward of $40 thousand in ERD currency.

The start of the test event will be tomorrow, June 4, 2020 at 12:00 UTC, after which the final preparations will be made for the launch of the full mainnet.

With the launch of the mainnet, Elrond will be the first blockchain to accommodate the performance of the Internet, ushering in a new era of blockchain ease of use and adoption.

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What test will Elrond go through before launching the mainnet?

In the test offered by Elrond will teach participants how to run the latest version of the Elrond contract and challenge the security of the system.

The test network will also include several network reboots, and two special performance events, after which the Elrond mainnet will be launched.

As we mentioned, the test will last for 15 days without interruption, with the network subjected to heavy loads and a comprehensive stress test.

Elrond CEO Beniamin Mincu stated:

The test step called “Battle of Nodes” is the final and most important step before the Elrond mainnet.

Through it, we will showcase a powerful and effective network that leads to launch.

This is a great achievement. After 15 days of uninterrupted network operation in a high TPS environment, we will know that Elrond is ready to go live to the main network.

Previous Battle of Nodes events took place in October and December 2019 and saw $75,000 in bug fixes and engagement bonuses awarded by developers.

During previous events, more than 400 participants from 43 countries operated more than 800 community nodes.

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Upon completion of the event, $20,000 in ERD coins will be awarded to participants, with an additional $20,000 in signing bonuses awarded to mainnet node operators over the course of the next year.

Participants can maximize their reward by maintaining an online node during the testing period, completing tasks, and identifying bugs.

The “Battle of Nodes” test will provide the audience with the last chance to scrutinize Elrond before the launch of the mainnet.

With Elrond’s network live, and running online, this could spur the next wave of adoption, and comes at a time of exploding market sentiment, consumer interest and corporate appetite.

What is Project Elrond:

Elrond It is a new blockchain architecture, designed from scratch to achieve a 1,000-fold cumulative improvement in throughput and execution speed.

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To achieve this, Project Elrond offers two main innovations:

• New adaptive sharing mechanism
• Proof of Stake (PoS) algorithm

This enables linear scalability with a fast, efficient and secure consensus mechanism.

Thus, the Elrond project can process up to 10,000 transactions per second (TPS), with a 5-second latency, and low cost.

The Elrond project is trying to become the backbone of a decentralized and globally accessible internet economy.

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